LBG
LBG
The LBG framework is a set of metrics that enable companies to understand their contribution to industry and society, providing a strategic assessment mechanism for comparison with other companies and development of social engagement programs.
To continuously and effectively manage the resource inputs and outputs involved in this social engagement, we continue to use the London Benchmarking Group (LBG) framework in 2019 to facilitate systematic analysis and LBG assurance. Assessing the quantitative effects produced by these social inputs and outputs will contribute to more efficient resource allocation in the future, ensuring planning of such continues to improve. Based on the LBG framework, we pursue and assess contribution to the community (excluding management costs) through three motivations of contribution, “charitable gifts,” “community investment,” and “commercial initiatives in the community.”
Through the four pillars of community building, improving development in the real estate industry, promoting business ethics, and social philanthropy and donations, Sinyi Realty aims to realize our vision and goals for social engagement. In terms of the main contribution inputs under the LBG framework, in 2019 we input a total contribution to the community of NT$111,425,710 (including management costs), accounted for 6.46% of Sinyi's business interests.
Due to participation in social engagement projects and the provision of uncompensated services or items, Sinyi Realty has incurred NT$2,160,000 of revenue foregone.